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| Fiat eyes Mexico to serve North and South America >> |
Europe
| Fiat eyes Mexico to serve North and South America >> |
German Newsletter
| Bild newspaper, ADAC, criticize proposed levy on older cars >> |
| GM missing out on compact-SUV boom in Europe >> |
| Opel targets 10 percent-plus share for Germany >> |
China
BASF to build plastics plant in India
MUMBAI (Reuters) -- Germany's BASF will build a new engineering plastics plant near Mumbai to service the rapidly growing automotive industry, an official said today. [REG] May 6 11:15 CET
Toyota sister car poses a challenge for Subaru
A sporty car due in 2011 will challenge Subaru's carefully crafted image as an independent, somewhat contrarian developer of all-wheel-drive vehicles. The car is being co-developed by Subaru and Toyota in Japan. Toyota will market its own version. [SUB] 12:01 am U.S. ET | May 5
Dana seeks new business with Japanese companies
Armed with a new CEO from Toyota, driveline supplier Dana Holding Corp. aims to expand its business with Japanese carmakers, particularly in emerging markets. [SUB] 12:01 am U.S. ET | May 5
GM posts $3.25 billion loss in Q1, stock risesGeneral Motors today lowered its estimate for U.S. total industry vehicle sales for 2008 after it reported a net loss of $3.25 billion during the first quarter. GM posted a net loss of $42 million during the 2007 first quarter. Not including one-time items, GM lost $350 million, compared with a loss of $10 million a year earlier. Wall Street expected worse. GM stock soared 9.4 percent to $23.20 a share at closing time. [REG] 7:22 am U.S. ET | April 30 | UPDATED: 4/30/08 4:01 p.m. EDT |
TRW posts quarterly profit, raises outlookSupplier TRW Automotive Holdings Corp. boosted its estimates for 2008 earnings after reporting a first-quarter revenue increase. The supplier of electronics and safety systems posted first-quarter net income of $94 million on revenue of $4.1 billion. TRW, based in suburban Detroit, posted a net loss of $86 million on revenue of about $3.6 billion during the same period last year. [REG] 9:00 am U.S. ET | April 30 | UPDATED: 4/30/08 4:03 p.m. EDT |
Lear 1Q earnings rise; stock up 19%Auto parts maker Lear Corp. posted an increase in quarterly earnings on Tuesday that exceeded analyst's forecasts as sales rose outside the slumping North American market. Lear shares skyrocketed -- closing up 19.2 percent for the day. [REG] 7:55 am U.S. ET | April 29 | UPDATED: 4/29/08 4:10 p.m. EDT |
Fuji Heavy profit slides, sees tougher year aheadFuji Heavy Industries Ltd., the maker of Subaru cars, reported a smaller-than-expected 4.6 percent drop in annual operating profit on Monday and forecast a big currency-driven decline this year despite growing vehicle sales. [REG] 4:15 am U.S. ET | April 28 |
Tata wants part of Pininfarina
Indian automaker Tata Motors will take a minority stake in Pininfarina. Tata will join the French industrial group Bollore, which also will take a stake in Italy's largest design consultant and contract manufacturer. [SUB] April 28 07:07 CET
Lentz ascends ladder at Toyota
Jim Lentz, head of Toyota's U.S. operations, has been promoted to managing officer of Toyota Motor Corp., becoming only the fourth non-Japanese executive at that level. Lentz's advancement follows the departure last year of Jim Press, the only foreigner ever to sit on Toyota's board of directors. [SUB] 12:01 am U.S. ET | April 28
Indians mull big stake in HeuliezIndia's Argentum Motors plans to become the majority shareholder of French coachbuilder Heuliez. Argentum, India's largest independent automobile contract manufacturer, has released a letter of intent indicating that it plans to become the majority shareholder of Heuliez by capital increase, the French coachbuilder said in a statement April 22. [SUB] April 28 06:01 CET |
Toyota, Subaru will develop new sports car
Toyota's long-anticipated sports car will arrive in 2011. It will be jointly developed with Subaru and have a boxer engine. The compact, rear-wheel-drive “affordable” car will be designed by Toyota but will be built starting in late 2011 at a new Japanese plant to be set up by Fuji Heavy Industries, parent of the Subaru brand. [SUB] April 28 06:01 CET
Mando returns to Hyundai orbit
Mando Corp. finally has been pulled closer to the world of Hyundai Motor Co., two years after Hyundai Chairman Chung Mong-koo offered to buy South Korea's second-largest automotive supplier. Chung didn't snare Mando. His cousin did. [SUB] 12:01 am U.S. ET | April 28
Denso sales top $40 billion
Auto parts supplier Denso Corp. racked up record high full-year sales, operating profits and net income on the back of brisk business with expanding Japanese automakers. [SUB] 12:01 am U.S. ET | April 28
U.S. spiffs hit Honda earnings
U.S. incentives and a weak dollar helped trigger a 32.5 percent slide in fourth-quarter profits at Honda Motor Co. Honda warned that earnings will tumble again this year. Incentives averaged slightly more than $1,000 per unit in the fiscal year that ended March 31 as Honda tried to clear backlogged inventory, the automaker said last week. [SUB] 12:01 am U.S. ET | April 28
